The following information concerns production in the Forging Department for April. The Forging Department uses the average
Question:
The following information concerns production in the Forging Department for April. The Forging Department uses the average cost method.
a. Determine the cost per equivalent unit.
b. Determine the cost of the units transferred to Finished Goods.
c. Determine the cost of ending Work inProcess
Transcribed Image Text:
ACCOUNT Work in Process-Forging Department ACCOUNT NO Balance Date item Debit Credit Debit Credit Apr | Bal, 3,000 units, 40% 24,000 379,800 508,000 608,500 completed 30 Direct materials, 28,500 units 30 Direct labor 30 Factory overhead 30 Goods transferred, 27,200 units 30 | Bal., 4,300 units, 75% 355,800 128,200 100,500 completed
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a A B C Whole Units Equivalent Units of Production 1 Units to be accounted ...View the full answer
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ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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